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Take the Pay Down Your Debt Challenge
Posted By Patti Shea On January 2, 2012 @ 5:06 pm In Money & Savings | Comments Disabled
I’m not big on New Year’s resolutions. I’m not against setting goals, but I struggle sticking with them if I don’t see results right away.
I lose patience with an exercise routine or diet if I don’t see any results within a week. My clothes either need to fit better or the scale needs to be nicer. A week probably isn’t long enough, but that’s probably because after 7 days I’m probably sore from working out and really hungry.
The same is true with money. If I’m trying to save for a goal, or pay off something, I’ve got to see progress. I need to see things adding up – or balances coming down – to confirm I’m on the right path.
If I see no progress, I see no point in continuing. What I’m doing obviously isn’t working.
So, if you wanted to put a dent in your credit card debt or student loans in 2011, but didn’t make the progress you wanted, here’s an incentive to give it another shot in 2012.
Starting on Jan. 2, AARP is hosting the Pay Down Your Debt Challenge . Over the next 30 days, you will find:
And most importantly, you’ll be getting tips from Lynnette Khalfani-Cox , who paid off over $100K – yes, ONE HUNDRED THOUSAND DOLLARS – of personal debt.
Stick with us – and the Pay Down Your Debt Challenge - for a month. Set a goal of how much you want to put towards your bills on the red debt tracker  starting Jan. 2. If you opt in to the contest rules , and participate in our weekly challenges in the online community group , you might be eligible to win a cash prize to help pay down your debt.
Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2012/01/02/ake-the-pay-down-your-debt-challenge/
URLs in this post:
 AARP.org: http://www.aarp.org
 Image: http://aarpblog.files.wordpress.com/2011/12/credit-card.jpg
 Pay Down Your Debt Challenge: http://www.aarp.org/money/credit-loans-debt/pay-down-your-debt-challenge/
 debt repayment: http://www.aarp.org/money/credit-loans-debt/info-01-2012/debtrepaymentplan.html
 negotiate: http://www.aarp.org/money/credit-loans-debt/info-08-2011/negotiating-credit-card-companies.html
 pay down debt: http://www.aarp.org/money/credit-loans-debt/info-01-2012/chip-away-at-debt.html
 online community: http://www.aarp.org/online-community/groups/index.action?slGroupKey=fbe73ab6-fff5-4ae0-8003-dcff56a6b16d
 Lynnette Khalfani-Cox: http://www.aarp.org/money/experts/lynnette_khalfani_cox/
 Pay Down Your Debt Challenge: http://www.aarp.org/money/credit-loans-debt/info-07-2011/debt-challenge-get-started.html
 debt tracker: http://www.aarp.org/money/credit-loans-debt/info-06-2011/debt-challenge-debt-tracker.html
 rules: http://www.aarp.org/money/credit-loans-debt/info-07-2011/paydowndebtrules.html
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